Strengthened global energy prices had its fair reflection on the Qatar Stock Exchange (QSE), which settled near 10,700 levels this week that saw the bourse urge international investors to look at the country as an attractive investment option.
Foreign institutions continued to be net buyers but with lesser vigour this week, which featured that Qatar’s commercial banks’ total assets grew about 6% year-on-year to QR1.43tn at the end of Mary 2019.
Trade turnover was rather flat amidst higher volumes this week, which saw robust manufacturing sector and higher extraction of hydrocarbons help Qatar register a 1% month-on-month increase in the industrial production in April 2019.
The Total Return Index gained 1.65%, All Share Index by 1.96% and Al Rayan Islamic Index (Price) by 0.9% this week which saw Qatar's equity landscape is set to see enhanced liquidity, thus offering an attractive option for foreign investment funds with stock purchase becoming easier at lesser price.
So far, Commercial Bank, Qatar First Bank, Al Khaliji, Dlala Holding, Qatar Oman Investment, QIIB, Alijarah Holding, QNB, Ahlibank Qatar, Islamic Holding, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan, Al Meera Consumer Goods, Mannai Corporation, Widam Food, Zad Holding and Qatari German Company for Medical Devices have implemented the stock split, whereby the nominal value of a share has become QR1 per share instead of QR10 earlier.
Market heavyweights and blue chips were seen high in demand as the 20-stock Qatar Index gained 173 points or 1.64% to 10,688.67 points, although it touched a low of 10,390 points on Monday.
Islamic stocks continued to make gains but slower than the conventional ones this week which witnessed as many as 5,689 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR0.14mn trade across five deals.
Market capitalisation zoomed 3.87% or about QR22bn to QR590.07bn this week which saw a total of 800 Doha Bank sponsored QETF valued at QR0.08mn across four transactions.
The banks and financial services index soared 3.51%, transport (2.46%), consumer goods (2-.09%), insurance (1.73%) and industrials (0.6%); whereas real estate and telecom declined 2.08% and 0.03% respectively this week which saw banking sector alone accounted for about three-fourth of the total trade volume.
The banks and financial services sector accounted for 75% of the total volume, consumer goods (8%), real estate (6%), industrials (5%), telecom (3%), transport (2%) and insurance (1%) this week.
In terms of value, banks and financial services sector’s share was 47%, industrials (18%), consumer goods (12%), realty (8%), telecom and transport (5% each) and insurance (4%) this week.
Local retail investors’ net selling weakened significantly to QR110.77mn compared to QR254.96mn the week ago.
However, domestic institutions’ net selling increased noticeably to QR137.36mn against QR102.49mn the previous week.
Foreign funds’ net buying declined influentially to QR262.7mn compared to QR366.77mn the week ended June 13.
Non-Qatari individuals’ net profit booking strengthened perceptibly to QR14.74mn against QR9.49mn the week ago.
Total trade volume grew 90% to 225.07mn shares, while value fell less than 1% to QR1.69bn and transactions by 17% to 33,961 this week.
The consumer goods’ trade volume more than tripled to 18.64mn equities, while value declined 22% to QR202.99mn despite 8% higher deals at 3,958.
The transport sector’s trade volume more than tripled to 3.49mn stocks and value also more than tripled to QR89.67mn on 37% increase in transactions to 1,075.
The telecom sector’s trade volume almost tripled to 7.72mn shares and value soared 56% to QR91.06mn, whereas deals fell 21% to 1,907.
The banks and financial services more than doubled to 167.93mn equities, value gained 7% to QR798.74mn and transactions by 10% to 11,715.
The insurance sector reported 90% surge in trade volume to 2.79mn stocks, 61% in value to QR68.28mn and 31% in deals to 1,347.
However, the real estate sector’s trade volume plummeted 31% to 13.32mn shares, value by 28% to QR133.67mn and transactions by 68% to 4,028.
There was 16% decline in the industrials sector’s trade volume to 11.19mn equities and 14% in value to QR309.33mn but on 2% jump in deals to 3,958.
Trade turnover was rather flat amidst higher volumes this week, which saw robust manufacturing sector and higher extraction of hydrocarbons help Qatar register a 1% month-on-month increase in the industrial production in April 2019.
The Total Return Index gained 1.65%, All Share Index by 1.96% and Al Rayan Islamic Index (Price) by 0.9% this week which saw Qatar's equity landscape is set to see enhanced liquidity, thus offering an attractive option for foreign investment funds with stock purchase becoming easier at lesser price.
So far, Commercial Bank, Qatar First Bank, Al Khaliji, Dlala Holding, Qatar Oman Investment, QIIB, Alijarah Holding, QNB, Ahlibank Qatar, Islamic Holding, Qatar Islamic Bank, Doha Bank, Masraf Al Rayan, Al Meera Consumer Goods, Mannai Corporation, Widam Food, Zad Holding and Qatari German Company for Medical Devices have implemented the stock split, whereby the nominal value of a share has become QR1 per share instead of QR10 earlier.
Market heavyweights and blue chips were seen high in demand as the 20-stock Qatar Index gained 173 points or 1.64% to 10,688.67 points, although it touched a low of 10,390 points on Monday.
Islamic stocks continued to make gains but slower than the conventional ones this week which witnessed as many as 5,689 Masraf Al Rayan sponsored exchange traded fund QATR valued at QR0.14mn trade across five deals.
Market capitalisation zoomed 3.87% or about QR22bn to QR590.07bn this week which saw a total of 800 Doha Bank sponsored QETF valued at QR0.08mn across four transactions.
The banks and financial services index soared 3.51%, transport (2.46%), consumer goods (2-.09%), insurance (1.73%) and industrials (0.6%); whereas real estate and telecom declined 2.08% and 0.03% respectively this week which saw banking sector alone accounted for about three-fourth of the total trade volume.
The banks and financial services sector accounted for 75% of the total volume, consumer goods (8%), real estate (6%), industrials (5%), telecom (3%), transport (2%) and insurance (1%) this week.
In terms of value, banks and financial services sector’s share was 47%, industrials (18%), consumer goods (12%), realty (8%), telecom and transport (5% each) and insurance (4%) this week.
Local retail investors’ net selling weakened significantly to QR110.77mn compared to QR254.96mn the week ago.
However, domestic institutions’ net selling increased noticeably to QR137.36mn against QR102.49mn the previous week.
Foreign funds’ net buying declined influentially to QR262.7mn compared to QR366.77mn the week ended June 13.
Non-Qatari individuals’ net profit booking strengthened perceptibly to QR14.74mn against QR9.49mn the week ago.
Total trade volume grew 90% to 225.07mn shares, while value fell less than 1% to QR1.69bn and transactions by 17% to 33,961 this week.
The consumer goods’ trade volume more than tripled to 18.64mn equities, while value declined 22% to QR202.99mn despite 8% higher deals at 3,958.
The transport sector’s trade volume more than tripled to 3.49mn stocks and value also more than tripled to QR89.67mn on 37% increase in transactions to 1,075.
The telecom sector’s trade volume almost tripled to 7.72mn shares and value soared 56% to QR91.06mn, whereas deals fell 21% to 1,907.
The banks and financial services more than doubled to 167.93mn equities, value gained 7% to QR798.74mn and transactions by 10% to 11,715.
The insurance sector reported 90% surge in trade volume to 2.79mn stocks, 61% in value to QR68.28mn and 31% in deals to 1,347.
However, the real estate sector’s trade volume plummeted 31% to 13.32mn shares, value by 28% to QR133.67mn and transactions by 68% to 4,028.
There was 16% decline in the industrials sector’s trade volume to 11.19mn equities and 14% in value to QR309.33mn but on 2% jump in deals to 3,958.
